Commodity Derivatives Products Operations Analyst
U.S. Bank
full-time
Posted on:
Location Type: Office
Location: Chicago • California, Illinois • 🇺🇸 United States
Visit company websiteSalary
💰 $98,345 - $115,700 per year
Job Level
Mid-LevelSenior
Tech Stack
VBA
About the role
- Contribute to Back Office responsibilities including client onboarding, confirmations, settlements and cash reconciliations etc.
- Demonstrate deep understanding of commodity derivatives markets with in-depth knowledge of various derivative products (Swaps, Caps/Floors/Collars and Futures) including understanding of market price setting and cash payment calculations
- Demonstrate deep understanding of ISDA Definitions related to Confirmations.
- Hand on experience to build various processes and reporting and familiar with technology required to troubleshoot and resolve trade, cash settlement, confirmation and system configuration issues.
- Produce innovative ways to refine processes as a means of improving efficiencies allowing for both Commodity derivatives Front & Back Office to adapt to the growing needs of the business
- Demonstrated ability to Lead multiple special projects and/or activities designed to resolve pain points for Front, Middle or Back Office teams, including Confirmation template development, Settlements, Reporting and application upgrades
- Collaborate with teams across Derivative Trading Front Office, Technology & Operations Services, Compliance, Legal, Market Risk Management, Treasury, and Finance, to ensure transparent and aligned objectives with seamless resolution delivery
- Define and document business requirements and procedures to ensure all business rules are applied consistently across different technology solutions and user interfaces.
- Act as liaison between Commodity derivatives Front Office and Development, tracking and identifying open issues for upcoming Agile Sprint deliveries.
- Act as Business Line stakeholder accountable for validating test requirements in lower environments while simultaneously creating and testing a personal suite of test cases to ensure product deliverables meet expectations prior to go-live.
- Represent Back Office in both internal and external audits demonstrating operational understanding and compliance with various rules and regulations including Dodd-Frank, Volcker and Sarbanes-Oxley
- Successfully on-board and train staff ensuring they can support the daily needs of the business.
- Create and lead training and development programs conducted across various organizations within the bank specific to building the knowledge and understanding of derivatives.
- Process onboarding, settlement, confirmation, and configuration tasks as necessary in support of the Derivatives Products Group Rates and Commodity/Energy trading activity
Requirements
- Bachelor’s degree, or equivalent work experience
- Typically six or more years of related experience
- In-depth knowledge and working experience of Back Office environment experience and commodity experience in precious metals, oil, and or energy markets.
- Hands-on experience with Settlements and UAT testing and an inquisitive mind.
- Advanced proficiency with Excel Functions and VBA Knowledge is a plus.
- Strong understanding of Calypso or similar trading platform and how to navigate the software to batch files, track trade execution and reporting, and execute on-demand reports.
- Proficient ability to write, troubleshoot and implement macro enabled tools to improve process efficiencies.
- Ability to develop and implement macro-enabled tools for efficiency.
- Experience with audit/regulatory issue management, response, and escalation.
- Proven success in process improvement and operational change within capital markets.
- Demonstrated experience in the successful implementation of operational process change and improvement within capital markets operations.
- Strong process facilitation and project management skills.
- Strong presentation, relationship building, collaboration and negotiation skills.
- Self-motivated, highly organized, and able to work independently without direct supervision.
Benefits
- Healthcare (medical, dental, vision)
- Basic term and optional term life insurance
- Short-term and long-term disability
- Pregnancy disability and parental leave
- 401(k) and employer-funded retirement plan
- Paid vacation (from two to five weeks depending on salary grade and tenure)
- Up to 11 paid holiday opportunities
- Adoption assistance
- Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
commodity derivativessettlementsUAT testingExcel FunctionsVBAmacro-enabled toolsprocess improvementoperational changeaudit managementregulatory compliance
Soft skills
project managementpresentation skillsrelationship buildingcollaborationnegotiationself-motivatedhighly organizedindependent workprocess facilitationleadership
Certifications
Bachelor's degree